Exposing Ideas to the Envelope of Serendipity

Contact moo at: bluechipbulldog@gmail.com

Wednesday, April 21, 2010

Stocks on the Move

Volatile trading has characterized Wednesday's session so far, with wild swings taking place in many stocks as bulls and bears do battle not far from 2010 highs. Real estate has been among the leaders of late, with many stocks in the sector staging strong advances. Precious metals are also getting some interest with some cautiously bullish technical indications, but gold bugs need to remain patient until we see if the group can overcome key resistance areas near-term.

Increasing numbers of stocks are seeing some aggressive selling in recent days and this should be carefully monitored. The market has been undeniably resilient, but risk management is critical as the major indexes sort things out near their highs after a prolonged run-up.

Trade well.

-- Brinkley
blog comments powered by Disqus